After $6.5 million face-lift, Cherry Creek office building adds retail
By: Burl Rolett, BusinessDen
The first retail tenants are moving into a 40-year-old Cherry Creek office building that’s wrapping up a $6.5 million face-lift.
Uptown restaurant Olive & Finch, Tru Fit gym and Kohler are moving into 33,000 square feet of new retail space at 3300 E. First Ave. In the last year, Denver-based Ogilvie Properties has renovated the building and added a retail operation.
The company zeroed in on the building two years ago when tenant Key Bank announced it was vacating 30,000 square feet.
“We bought the building knowing they would move out in August 2014,” said Stuart Ogilvie, who heads up Ogilvie Properties. “We saw an opportunity to convert the first floor and the lower level to retail.”
Ogilvie bought 3300 E. First Ave. with an 0.72-acre lot along Cook Street in October 2013 for $14 million. The plan was to renovate the office building and sell off the second lot to another developer. Trammell Crow Residential bought that site for $3.5 million a year ago and is building a new apartment complex.
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